Begbies Traynor : BTG Global Advisory announces expansion to Greek operations

BTG Global Advisory is delighted to announce a further expansion into Greece through the negotiation of a new licencing agreement with Athens-based Clarity Advisory.

The exciting new agreement sees BTG Global Advisory further expand their influence into Greece and the Balkans by sub-licencing their current rights to practice in these areas to Clarity Advisory, who from this point forward will provide BTG Global Advisory's specialist projects in these regions.

Founded in 2016, Clarity Advisory offers a range of specialist financial services including; turnaround solutions and monitoring, business advisory and recovery solutions and value recreation. This aligned service portfolio will act to ensure the continuation of the BTG Global Advisory brand.

Launched on 1 June 2015, BTG Global Advisory features an alliance of ten specialist financial advisory firms across multiple jurisdictions. Members currently include (with Clarity Advisory to take over Greek operations with immediate effect):

• Begbies Traynor Group - UK, Greece - www.begbies-traynor.com
• GlassRatner Advisory & Capital Group LLC - United States - www.glassratner.com
• Farber - Canada - www.farbergroup.com
• Rodgers Reidy - Australia, Hong Kong, Malaysia, Singapore, New Zealand - www.rodgersreidy.com
• TCP Latam - Brazil and Latin America - http://www.tcp-latam.com/
• Integrated Capital Services Limited - India - www.raas.co.in
• KRyS Global - Cayman Islands, BVI, Bermuda, Guernsey - www.krys-global.com
• PLUTA Rechtsanwalts GmbH - Germany, Italy, Spain, Poland - www.pluta.net
• Matuson & Associates - South Africa - http://matusonassociates.co.za/
• Zalis SAS - France - www.zalis.com

Nigel Atkinson, Chief Executive of BTG Global Advisory, said:

'By working with Clarity Advisory to expand our operations in Greece, we are further increasing BTG Global Advisory's worldwide presence, but with the specific regional knowledge that allows us to providing industry-leading service to our clients. Clarity Advisory's team provides partner-led client focused advice that facilitates the continued profitability and expansion of their client's business concerns.

Increasing our global foothold through working with Clarity Advisory will hopefully allow BTG Global Advisory to make a real difference in the Greek economy. Following nine years of recession and economic downturn we believe that our advice will allow emerging Greek businesses, along with established names, to exploit the opportunities that are now presenting in the Greek market. And Clarity Advisory's experience and expert local knowledge can provide the tools required to achieve this.'

Elias Malandris, Partner at Clarity Advisory, said:

'Working with BTG Global Advisory on behalf of the renowned Begbies Traynor Group is a real honour for us. Being part of a successful global business will allow us to tap into resources that many Greek business would not be privy to, therefore allowing Clarity Advisory to provide an unequalled level of service across Greece and the Balkans. We also believe that this partnership will create unique opportunities for the group in one of the largest and still unexploited NPLs/NPEs markets in Europe.'

Nigel is a Chartered Accountant and holds the Advanced Diploma in Corporate Finance and an Insolvency License from the ICAEW. He is also a founder member of the Institute for Turnaround and a fellow of R3.

Nigel joined the firm as a partner in 2003 and is based in the London office. Prior to joining the firm, he was a partner at Deloitte and subsequently took up CRO and interim FD positions at various companies undergoing restructuring. Nigel has more than 34 years corporate recovery and restructuring advisory experience and his work has also included capital raising and leading M&A transactions for medium-sized businesses. He also acts in non executive chairman and director roles.

Nigel has vast experience across many business sectors and he specialises in airlines/transport, real estate, construction, manufacturing, finance and leisure. Some of his larger cases include Silverjet Plc, British Island Airways Plc, Clares Equipment Holdings, Willaire Group Plc, Figurehead Finance Plc, Abingworth Plc, Edencorp Leisure Plc, Mowat Group Plc, Rush & Tompkins Plc, Danair and Alitalia.

Nigel is also Executive Chairman of BTG Global Network, the firm's international network of member firms.